XE Market Analysis: Europe – Nov 10, 2017

Posted November 10, 2017

The dollar has found its feet after yesterday’s tumble on new of a U.S. tax cut delay and more limited scope of some planned cuts. EUR-USD has settled below the one-week high seen at 1.1655 and USD-JPY has recouped to around 113.40 after clocking a low at 113.09, which is the lowest level seen since October 31. A report that Republican Senator Cornyn is looking to avoid a one-year delay helped calm the risk-off vibe, while Fed member Williams repeated his view that a December rate hike “makes sense”, with three more quarter-point hikes pencilled in for 2018.